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Gloucester 01930
8 Old Ford Road
$145,000
● House - Off Market

8 Old Ford Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,200 Ft²
$504,969
RealtyHop Estimate
225.79%
Since May 1, 1999
National-US
Primary Model

About This Property

WONDERFUL STARTER/RETIREMENT HOME. LIVING ROOM, DINING ROOM, KITCHEN, TWO BEDROOM, 1 1/2 BATHS. FINISHED FAMILY ROOM IN BASEMENT. LARGE YARD.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$129
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30299455)

Price History

Date / Event Date Event Price
Apr 30, 1999 Sold
Premium
Sold
Mar 9, 1999 Listed $155,000
Listed
Dec 30, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,560
  • Total Building Area: 1,800
  • Gross Building Area: 3,314
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLOUCESTER
  • Land Acres: 0000000128
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221600

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0085 B:0004 L:0000
  • Block: 4
  • Municipality: GLOUCESTER
  • Latitude: 42.6257
  • Longitude: -70.6783

    Address

  • Full Address: 8 Old Ford Rd
  • Address - House Number: 8
  • Address - Street Name: Old Ford
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C029
  • 4-Digit Zip Code: 4808
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $499,900

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 650,553
  • High Value: 769,824
  • Low Value: 531,282

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $513,800
  • Assessed Land Value: $134,900
  • Assessed Improvements Value: $378,900

    Sales

  • Current Sale Recording Date: Apr 30, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 30, 1992
  • Previous Sale Amount: $126,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gloucester

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30299455

Frequently Asked Questions

When was property at 8 Old Ford Road built and last sold?
The property at 8 Old Ford Road was built in 1951 and last sold on Jan 1, 1970 for $145,000.
How much is this home worth?
The estimated value of the home located at 8 Old Ford Road is $0.
What are some comparable homes to 8 Old Ford Road?
There are currently no comparable homes to 8 Old Ford Road.
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